Consensys founder Joseph Lubin recently expressed optimism that the U.S. SEC’s hostility towards crypto might soon end.
This follows the SEC’s decision to close its 14-month investigation into Ethereum (ETH), marking a significant win for the industry.
Lubin described the closure as a “necessary but not sufficient” step, advocating for better regulatory methods beyond “ambush tactics.”
Despite this positive development, Consensys will continue its lawsuit against the SEC, originally filed in April, which seeks greater legal clarity regarding Ethereum’s classification and broader crypto regulations.
He stressed the need for clear guidelines, saying, “We soldier forth with our litigation against the SEC in Texas because we are intent on achieving more legal clarity for all.”
The SEC’s decision not to pursue charges against Ethereum sales is seen as a major victory for the crypto community.
Consensys also seeks judicial clarity for its MetaMask Swaps and Staking features, emphasizing that clear regulations are crucial for advancing crypto technologies.
This development could signal a shift towards more constructive regulatory frameworks, benefiting the broader blockchain industry in the long run.
